Electric Vehicles: Good For Your Budget, Good For Our Air
When people think of an electric vehicle (EVs), most of us still think of a futuristic and expensive piece of machinery. But you don’t have to break the bank to save the environment; EV’s are becoming increasingly affordable.
The price of EVs is coming down quickly. Earlier this year, GM and Tesla both offered “every day EVs” that have lower upfront costs and longer ranges. And even though electric vehicles may cost more up front, they’re still cheaper in the long run.
Transportation is the second highest expense for most US families, averaging more than $700 per month – or $8,500 per car, per year. Oregon drivers may be able to cut that budget by leasing an EV for less than $200 per month! Driving on electricity is like paying only about $1 per gallon of gasoline. That means driving electric could save Oregon families hundreds of dollars each year.
Then there’s the maintenance costs – or should we say lack thereof. EV’s have very little maintenance and low fuel costs, providing real savings to families. Utilities may further this benefit by installing charging stations at apartment buildings and creating more public-use fast charging stations. So along with saying goodbye to the expensive gas bill, out goes the need for oil changes and emissions checks at the DEQ.
For those who want to buy new, a $7,500 federal tax credit makes the purchase easier. And used EV’s are becoming increasingly affordable too: used 2-3 year-old Nissan Leafs are available in Oregon for $10,000 or less.
A clean electricity future is here! Check out these resources to assist your EV purchase:
- 8 Least Expensive Electric Vehicles, from AutoTrader
- The top EV’s from Forbes
- Follow Drive Oregon for the latest news and updates